Pahrump Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Pahrump averaged
6.94%
for the week of 2024-11-07, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2024-10-31) was
6.77% and
one month ago for the week of 2024-10-03, the
average rate was 6.17%.
Pahrump's average rate one year ago was 7.71%.
For refis of the same type during the week of 2024-11-07, the average rate
was 6.69%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Pahrump 30 Year Fixed Rate | 2024-11-07 | 6.94% |
| Pahrump 30 Year Fixed Rate Refi | 2024-11-07 | 6.69% |
| Pahrump 15 Year Fixed Rate | 2024-11-07 | 5.8% |
| Pahrump 15 Year Fixed Rate Refi | 2024-11-07 | 6.2% |
| Pahrump 30 Year FHA | 2024-11-07 | 6.36% |
| Pahrump 30 Year FHA Refi | 2024-11-07 | 6.63% |
| Pahrump 30 Year USDA | 2024-11-07 | 6.38% |
| Pahrump 30 Year USDA Refi | 2024-11-07 | 6.38% |
| Pahrump 30 Year VA | 2024-11-07 | 6.09% |
| Pahrump 30 Year VA Refi | 2024-11-07 | 6.14% |
Pahrump Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Pahrump, NV market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
Pahrump Average Closing Costs & Other Stats
Pahrump, NV's 86 lenders originated 1,177
loans during 2023. The total origination value was $273,885,000, with an average loan value of
$232,698.
Pahrump's average closing costs are $6,235.
The top Pahrump lender as defined by loan originations is South Pacific Financial Corporation, with
30 loans originated. Their average total fees are
$3,064, which is $4,466
lower than the next largest lender,
AXIA FINANCIAL, LLC.
The lowest fee Pahrump lenders (with over 10 loans originated) are
HOMEAMERICAN MORTGAGE CORPORATION ($1,760), South Pacific Financial Corporation ($3,064), DHI MORTGAGE COMPANY, LTD. ($3,329), LEADERONE FINANCIAL CORPORATION ($4,623) and LOANDEPOT.COM, LLC ($5,791).
The lowest rate Pahrump lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. (5.86%), South Pacific Financial Corporation (6.12%), HOMEAMERICAN MORTGAGE CORPORATION (6.38%), QUICKEN LOANS, LLC (6.64%) and AXIA FINANCIAL, LLC (6.83%).
Pahrump, NV Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| UNITED WHOLESALE MORTGAGE, LLC | $22,600,000 | $20,360,000 | -9.9% | 7.4% |
| DHI MORTGAGE COMPANY, LTD. | $6,110,000 | $17,395,000 | 184.7% | 6.4% |
| QUICKEN LOANS, LLC | $28,605,000 | $17,285,000 | -39.6% | 6.3% |
| AXIA FINANCIAL, LLC | $22,280,000 | $16,315,000 | -26.8% | 6.0% |
| GUILD MORTGAGE COMPANY | $13,970,000 | $13,420,000 | -3.9% | 4.9% |
| South Pacific Financial Corporation | $9,950,000 | $11,145,000 | 12.0% | 4.1% |
| LEADERONE FINANCIAL CORPORATION | $355,000 | $10,090,000 | 2,742.3% | 3.7% |
| LOANDEPOT.COM, LLC | $27,855,000 | $9,505,000 | -65.9% | 3.5% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $11,495,000 | $6,525,000 | -43.2% | 2.4% |
| Mortgage Research Center, LLC | $7,160,000 | $6,415,000 | -10.4% | 2.3% |
| HOMEAMERICAN MORTGAGE CORPORATION | $1,515,000 | $5,400,000 | 256.4% | 2.0% |
| Zions Bank | $11,265,000 | $5,190,000 | -53.9% | 1.9% |
| BROKER SOLUTIONS, INC. | $8,855,000 | $5,130,000 | -42.1% | 1.9% |
| SECURITYNATIONAL MORTGAGE COMPANY | $3,975,000 | $4,380,000 | 10.2% | 1.6% |
| GUARANTEED RATE, INC. | $5,655,000 | $4,045,000 | -28.5% | 1.5% |
| PENNYMAC LOAN SERVICES, LLC | $7,010,000 | $3,755,000 | -46.4% | 1.4% |
| AMERICA FIRST | $6,105,000 | $3,705,000 | -39.3% | 1.4% |
| U.S. Bank | $7,130,000 | $3,645,000 | -48.9% | 1.3% |
| NAVY FEDERAL CREDIT UNION | $7,245,000 | $3,315,000 | -54.2% | 1.2% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $2,930,000 | $3,215,000 | 9.7% | 1.2% |
| CARDINAL FINANCIAL | $7,530,000 | $3,100,000 | -58.8% | 1.1% |
| CROSSCOUNTRY MORTGAGE, LLC | $3,155,000 | $3,090,000 | -2.1% | 1.1% |
| FREEDOM MORTGAGE CORPORATION | $9,905,000 | $2,985,000 | -69.9% | 1.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $2,940,000 | $2,925,000 | -0.5% | 1.1% |
| Century Mortgage Company DBA Century Lending Company | $2,750,000 | n/a | 1.0% | |
| Wells Fargo Bank | $8,765,000 | $2,530,000 | -71.1% | 0.9% |
| EVERGREEN MONEYSOURCE MORTGAGE COMPANY | $4,750,000 | $2,475,000 | -47.9% | 0.9% |
| MOVEMENT MORTGAGE, LLC | $3,765,000 | $2,455,000 | -34.8% | 0.9% |
| PINNACLE LENDING GROUP, INC. | $820,000 | $2,365,000 | 188.4% | 0.9% |
| RESIDENTIAL BANCORP | $2,815,000 | $2,270,000 | -19.4% | 0.8% |
| The Federal Savings Bank | $1,525,000 | $2,185,000 | 43.3% | 0.8% |
| MOUNTAIN AMERICA | $1,030,000 | $2,090,000 | 102.9% | 0.8% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $1,620,000 | $2,025,000 | 25.0% | 0.7% |
| AMERISAVE MORTGAGE CORPORATION | $4,480,000 | $2,000,000 | -55.4% | 0.7% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $3,850,000 | $1,945,000 | -49.5% | 0.7% |
| AMERICAN FINANCIAL NETWORK, INC. | $1,850,000 | n/a | 0.7% | |
| Prosperity Home Mortgage, LLC | $1,265,000 | $1,760,000 | 39.1% | 0.6% |
| Mr. Cooper ( Nationstar Mortgage ) | $4,785,000 | $1,700,000 | -64.5% | 0.6% |
| FBC MORTGAGE, LLC | $4,225,000 | $1,665,000 | -60.6% | 0.6% |
| CASTLE & COOKE MORTGAGE, LLC | $1,555,000 | $1,625,000 | 4.5% | 0.6% |
| LENDINGHOME FUNDING CORPORATION | $2,275,000 | $1,440,000 | -36.7% | 0.5% |
| RMS & Associates | $1,015,000 | $1,425,000 | 40.4% | 0.5% |
| JPMorgan Chase Bank | $1,205,000 | $1,370,000 | 13.7% | 0.5% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $2,820,000 | $1,355,000 | -52.0% | 0.5% |
| NEW DAY FINANCIAL, LLC | $2,025,000 | $1,255,000 | -38.0% | 0.5% |
| Carrington Mortgage Services, LLC | $880,000 | $1,240,000 | 40.9% | 0.5% |
| Equity Prime Mortgage LLC | $185,000 | $1,230,000 | 564.9% | 0.4% |
| Sierra Pacific Mortgage Company, Inc. | $2,410,000 | $1,185,000 | -50.8% | 0.4% |
| American Mortgage & Equity Consultants, Inc. | $1,110,000 | n/a | 0.4% | |
| ONE NEVADA CREDIT UNION | $3,625,000 | $1,105,000 | -69.5% | 0.4% |
| SUN WEST MORTGAGE COMPANY, INC. | $1,905,000 | $1,100,000 | -42.3% | 0.4% |
| CMG MORTGAGE, INC. | $3,115,000 | $1,085,000 | -65.2% | 0.4% |
| PANORAMA MORTGAGE GROUP, LLC | $1,000,000 | $1,085,000 | 8.5% | 0.4% |
| NEWREZ LLC | $1,895,000 | $1,065,000 | -43.8% | 0.4% |
| Bank of America | $1,875,000 | $1,015,000 | -45.9% | 0.4% |
| EVERETT FINANCIAL, INC. | $1,165,000 | $985,000 | -15.5% | 0.4% |
| INTERCAP LENDING INC. | $480,000 | $950,000 | 97.9% | 0.3% |
| Ixonia Bank | $930,000 | n/a | 0.3% | |
| UNION HOME MORTGAGE CORP. | $255,000 | $905,000 | 254.9% | 0.3% |
| OCMBC, INC. | $770,000 | $900,000 | 16.9% | 0.3% |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $1,020,000 | $880,000 | -13.7% | 0.3% |
| Discover Bank | $840,000 | $870,000 | 3.6% | 0.3% |
| CALCON MUTUAL MORTGAGE LLC | $235,000 | $855,000 | 263.8% | 0.3% |
| LOANPAL, LLC | $2,230,000 | $820,000 | -63.2% | 0.3% |
| PLANET HOME LENDING, LLC | $3,205,000 | $810,000 | -74.7% | 0.3% |
| GREATER NEVADA LLC | $585,000 | $785,000 | 34.2% | 0.3% |
| Paramount Residential Mortgage Group, Inc. | $1,200,000 | $785,000 | -34.6% | 0.3% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $365,000 | $785,000 | 115.1% | 0.3% |
| CLEARPATH LENDING | $3,115,000 | $755,000 | -75.8% | 0.3% |
| MANN FINANCIAL INC. | $1,715,000 | $755,000 | -56.0% | 0.3% |
| VILLAGE CAPITAL MORTGAGE | $2,275,000 | $715,000 | -68.6% | 0.3% |
| DATA MORTGAGE, INC. | $1,670,000 | $685,000 | -59.0% | 0.3% |
| NATIONS DIRECT MORTGAGE, LLC | $640,000 | $680,000 | 6.3% | 0.2% |
| AMWEST FUNDING CORP. | $670,000 | n/a | 0.2% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $2,535,000 | $665,000 | -73.8% | 0.2% |
| CHURCHILL MORTGAGE CORPORATION | $85,000 | $645,000 | 658.8% | 0.2% |
| SANDIA LABORATORY | $625,000 | n/a | 0.2% | |
| MID AMERICA MORTGAGE, INC. | $845,000 | $595,000 | -29.6% | 0.2% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $245,000 | $590,000 | 140.8% | 0.2% |
| HighTechLending Inc | $570,000 | n/a | 0.2% | |
| First Option Mortgage, LLC | $540,000 | $550,000 | 1.9% | 0.2% |
| NOVA FINANCIAL & INVESTMENT CORPORATION | $2,565,000 | $545,000 | -78.8% | 0.2% |
| HOMEXPRESS MORTGAGE CORP. | $275,000 | $535,000 | 94.5% | 0.2% |
| CLARK COUNTY CREDIT UNION | $735,000 | $530,000 | -27.9% | 0.2% |
| GENEVA FINANCIAL, LLC | $365,000 | $515,000 | 41.1% | 0.2% |
| The Loan Store, Inc. | $495,000 | n/a | 0.2% | |
| Flagstar Bank, FSB | $2,205,000 | $490,000 | -77.8% | 0.2% |
| Ally Bank | $485,000 | n/a | 0.2% | |
| AMERICAN FINANCING CORPORATION | $445,000 | $480,000 | 7.9% | 0.2% |
| Nations Lending Corporation | $1,680,000 | $475,000 | -71.7% | 0.2% |
| ALAMEDA MORTGAGE CORPORATION | $465,000 | n/a | 0.2% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $1,175,000 | $460,000 | -60.9% | 0.2% |
| ZILLOW HOME LOANS, LLC | $640,000 | $460,000 | -28.1% | 0.2% |
| Franklin Loan Corporation | $450,000 | n/a | 0.2% | |
| Citadel Servicing Corporation | $250,000 | $415,000 | 66.0% | 0.2% |
| BAY EQUITY LLC | $1,385,000 | $400,000 | -71.1% | 0.1% |
| Plains Commerce Bank | $375,000 | n/a | 0.1% | |
| SWBC MORTGAGE CORPORATION | $445,000 | $365,000 | -18.0% | 0.1% |
| Bank of Colorado | $345,000 | n/a | 0.1% | |
| PACIFIC RESIDENTIAL MORTGAGE, LLC | $335,000 | n/a | 0.1% | |
| Citibank | $325,000 | n/a | 0.1% | |
| ML Mortgage Corp. | $1,120,000 | $325,000 | -71.0% | 0.1% |
| Waterstone Mortgage Corporation | $325,000 | n/a | 0.1% | |
| USAA Federal Savings Bank | $2,850,000 | $320,000 | -88.8% | 0.1% |
| BM Real Estate Services, Inc. | $305,000 | n/a | 0.1% | |
| LAKEVIEW LOAN SERVICING, LLC | $2,320,000 | $305,000 | -86.9% | 0.1% |
| LANTZMAN MANAGEMENT, INC. | $360,000 | $295,000 | -18.1% | 0.1% |
| LENDSURE MORTGAGE CORP. | $345,000 | $295,000 | -14.5% | 0.1% |
| RESIDENTIAL WHOLESALE MORTGAGE, INC. | $2,315,000 | $295,000 | -87.3% | 0.1% |
| NexBank | $285,000 | n/a | 0.1% | |
| OAKTREE FUNDING CORP. | $285,000 | n/a | 0.1% | |
| BAY-VALLEY MORTGAGE GROUP | $275,000 | n/a | 0.1% | |
| BNC National Bank | $1,015,000 | $275,000 | -72.9% | 0.1% |
| DIRECT MORTGAGE LOANS, LLC | $265,000 | $275,000 | 3.8% | 0.1% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $560,000 | $275,000 | -50.9% | 0.1% |
| Hometown Equity Mortgage, LLC | $150,000 | $245,000 | 63.3% | 0.1% |
| LAND HOME FINANCIAL SERVICES, INC. | $335,000 | $245,000 | -26.9% | 0.1% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $245,000 | n/a | 0.1% | |
| CITYWIDE HOME LOANS, LLC | $235,000 | n/a | 0.1% | |
| Magnolia Bank | $1,105,000 | $235,000 | -78.7% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $1,455,000 | $225,000 | -84.5% | 0.1% |
| MORIA DEVELOPMENT, INC. | $230,000 | $225,000 | -2.2% | 0.1% |
| Watermark Capital, Inc. | $145,000 | $225,000 | 55.2% | 0.1% |
| CANOPY MORTGAGE, LLC | $925,000 | $205,000 | -77.8% | 0.1% |
| Figure Lending LLC | $510,000 | $205,000 | -59.8% | 0.1% |
| SOVEREIGN LENDING GROUP INCORPORATED | $285,000 | $205,000 | -28.1% | 0.1% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $255,000 | $195,000 | -23.5% | 0.1% |
| Farmers Bank & Trust | $185,000 | n/a | 0.1% | |
| LONGBRIDGE FINANCIAL, LLC | $915,000 | $185,000 | -79.8% | 0.1% |
| SIMPLIFI MORTGAGE, LLC | $770,000 | $185,000 | -76.0% | 0.1% |
| A&D Mortgage LLC | $175,000 | n/a | 0.1% | |
| Encompass Lending Group, LP | $175,000 | n/a | 0.1% | |
| PHH Mortgage Corporation | $605,000 | $175,000 | -71.1% | 0.1% |
| ISERVE RESIDENTIAL LENDING, LLC | $410,000 | $165,000 | -59.8% | 0.1% |
| NORTHROP GRUMMAN Federal Credit Union | $165,000 | n/a | 0.1% | |
| Bank of England | $640,000 | $155,000 | -75.8% | 0.1% |
| NuVision Federal Credit Union | $155,000 | n/a | 0.1% | |
| BELEM SERVICING LLC | $145,000 | n/a | 0.1% | |
| GEORGIA'S OWN | $135,000 | n/a | 0.0% | |
| 21ST MORTGAGE CORPORATION | $390,000 | $115,000 | -70.5% | 0.0% |
| SILVER STATE SCHOOLS SERVICE COMPANY, LLC | $150,000 | $95,000 | -36.7% | 0.0% |
| TOP FLITE FINANCIAL, INC. | $480,000 | $95,000 | -80.2% | 0.0% |
| Firefighters First Federal Credit Union | $75,000 | n/a | 0.0% | |
| CHERRY CREEK MORTGAGE, LLC | $390,000 | $55,000 | -85.9% | 0.0% |
| INTOUCH CREDIT UNION | $55,000 | n/a | 0.0% | |
| Operating Engineers Local Union #3 | $55,000 | n/a | 0.0% | |
| Utah Power | $150,000 | $45,000 | -70.0% | 0.0% |
| ALLIANT CREDIT UNION | $35,000 | n/a | 0.0% |
Pahrump's top lender by overall market share is UNITED WHOLESALE MORTGAGE, LLC, with 7.4% market share. In second place, with 6.4%, is DHI MORTGAGE COMPANY, LTD., having originated $17,395,000 in loans. In third place, with 6.3%, is QUICKEN LOANS, LLC, having originated $17,285,000 in loans. In fourth place, with 6.0%, is AXIA FINANCIAL, LLC, having originated $16,315,000 in loans. In fifth place, with 4.9%, is GUILD MORTGAGE COMPANY, having originated $13,420,000 in loans.
Pahrump, NV Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 834 | $217,110,000 | $260,324 |
| Cash Out Refi | 155 | $33,905,000 | $218,742 |
| Other | 73 | $5,175,000 | $70,890 |
| Home Improvement | 58 | $5,110,000 | $88,103 |
| Refi | 56 | $12,290,000 | $219,464 |
| NA | 1 | $295,000 | $295,000 |
Pahrump's most frequently cited loan purpose was Home Purchase, with 834 originations. The 2nd most popular reason was Cash Out Refi, with 155 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 448 | $115,300,000 | $257,366 |
| 7-8% | 275 | $68,235,000 | $248,127 |
| 5-6% | 226 | $61,620,000 | $272,655 |
| Over 8% | 160 | $18,790,000 | $117,438 |
| 4-5% | 28 | $7,420,000 | $265,000 |
| <2.5% | 22 | $1,130,000 | $51,364 |
| 3-4% | 12 | $1,090,000 | $90,833 |
During 2023, Pahrump's most frequently originated rate bucket was 6-7%, with 448 originations.
Loan Sizing (Pahrump, NV MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 618 | $178,890,000 | $289,466 |
| $100k-200k | 281 | $44,035,000 | $156,708 |
| $100,000 or less | 191 | $9,405,000 | $49,241 |
| $400k-600k | 82 | $37,390,000 | $455,976 |
| $600k-1000k | 3 | $1,955,000 | $651,667 |
| $Over $1MM | 2 | $2,210,000 | $1,105,000 |
Pahrump's loan sizing saw the bucket of loans from $200k-400k with 618 originations, totaling $178,890,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 603 | $179,065,000 | $296,957 |
| 60-80% | 193 | $49,205,000 | $254,948 |
| Under 20% | 136 | $5,330,000 | $39,191 |
| 40-60% | 122 | $20,930,000 | $171,557 |
| 20-40% | 94 | $10,090,000 | $107,340 |
| Over 100% | 26 | $8,830,000 | $339,615 |
Pahrump's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 603 originations, totaling $179,065,000 in origination value.